Welcoming the proposal to introduce new trains connecting the state with other places, she expressed the hope that priority would be accorded to allocating funds for some of the long-pending projects in Tamil Nadu for their completion.

Jayalalithaa, in a statement issued here, said: "I commend the prime minister and railway minister for having practiced transparency in placing before the country the true status of the Indian railways."

She said their approach was fiscally responsible and very bold.

"I also expect that, with the priority being accorded to allocating funds to long-pending projects, some of the long-pending projects in Tamil Nadu will also be completed early and the people of the state will benefit," Jayalalithaa said.

She said the railway budget was a serious exercise at consolidation, which the new central government has been forced to undertake in the wake of the mismanagement of this sector by the UPA government over the past decade.

"The finances of the railways are in extremely poor shape which the railway minister has laid bare with disarming candour and honesty," she said.

According to Jayalalithaa, having recognised the deep crisis, the railway budget provides a vision for the future.

"The Diamond Quadrilateral High Speed Rail network will be a game changer in terms of providing a transport infrastructure backbone for the country," she said.

She also welcomed Gowda's proposal to work closely with the state governments on safety related initiatives like conversion of unmanned level crossings and others.

"This reflects a new working style and culture which will augur well for speedier project implementation," she added.

Besides, Jayalalithaa urged the central government to hand over the Mass Rapid Transit System network here to Chennai Metro Rail Ltd.